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Moonland Company's income statement contained the following errors: Ending inventory, December 31, 2021, understated by $13,000 Depreciation expense for 2021 overstated by $1,400 What is
Moonland Company's income statement contained the following errors: Ending inventory, December 31, 2021, understated by $13,000 Depreciation expense for 2021 overstated by $1,400 What is the effect of the errors on 2021 net income before taxes? Multiple Choice Understated by $11,600. Overstated by $11,600. Understated by $14,400. Overstated by $14,400
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